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Cairo: Makadi Heights, on the Red Sea - by Orascom Development Egypt- has signed a cooperation agreement with Telecom Egypt WE to implement the infrastructure for information and communications technology and to provide integrated telecommunication services to the town.
The cooperation agreement involves Telecom Egypt WE implementing the communications and information technology infrastructure for Makadi Heights and extending the required optical fiber network to provide integrated services for all of the residential and administrative units. This will include landline services, high-speed Internet, IPTV services and other advanced communications services.
The cooperation also includes granting Telecom Egypt WE the exclusive rights to sponsorship, advertising, and marketing in all stages of Makadi Heights in the areas of telecommunications and the Internet. Also, Telecom Egypt will be the official and exclusive sponsor in the fields of telecom and Internet for all major events and festivals that will be held inside the town. Mr. Tamer Dewidar, CEO of Makadi Heights, said, "Makadi Heights represents a unique shift in the concept of integrated tourism towns. It is based on Orascom Development’s philosophy of building integrated towns, characterized by a harmonious and balanced lifestyle that is linked to the surrounding environment. Thanks to its moderate climate all -year- round, Makadi Heights has all the essential facilities and infrastructure that people require for everyday life and taking part in recreational activities, as well as for holding various events. It is also strategically located in Makadi Bay on the Red Sea, only 20 minutes away from Hurghada International Airport. He added, "Our cooperation with Telecom Egypt WE, with its advanced infrastructure and world-class technologies in the field of communications, is a strong addition to Makadi Heights. It’s a continuation of our vision of providing all of the life services needed by residents and visitors to the city, thus achieving a qualitative leap in the concept of integrated life."
Eng. Adel Hamed, Managing Director and CEO of Telecom Egypt said: “We are pleased to sign this agreement to provide integrated telecommunications services to Makadi Heights”. “Telecom Egypt has advanced infrastructure and great technical expertise that will ensure the best quality of telecom services to its customers.” Noting that Telecom Egypt, as the first integrated operator of communications and information technology services in Egypt, will continue to provide advanced services for real estate projects in line with the latest global communications technology. Makadi Heights is a fully integrated town with a panoramic view, thanks to the high natural level of the land, which reaches 78 meters above sea level. The destination has continued to deliver excellent sales figures since its re-activation in April 2018, on the back of excellent sales and marketing campaigns. The net real estate sales more than doubled to EGP 220.7 million in Q3 2020 (Q3 2019: EGP 97.9 million). The 9M 2020 net sales increased by 4.5% to EGP 337.0 million compared to same period last year. A new residential units’ phase, ‘Topio’, was launched in November 2020, with a total inventory of EGP 130 million. Additionally, the town is continuing to speed up the construction of Phase 2 of the project, with plans to deliver 244 additional units in 2022.
© Press Release 2020
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